Key takeaways:

-Pent-up consumer demand was released in June with total retail sales rising

-Total online retail penetration decreased slightly in June, but remained above 30%

-H1 retail investment volumes declined by 37% y-o-y, but investment activity is expected to pick up in Q4

-New leases with more flexible structures (e.g. turnover rents) will be vital to help retailers survive this period of uncertainty